Labour MP, Ian Colman, is lobbying the Government to introduce tax incentives for people who invest in ethical areas. It is hoped that as well as people who already wish to “invest with a conscience” it will encourage more people to consider these types of funds that invest only in restricted areas that benefit the community and the planet.
Our View:
There are enough ethical funds already available as well as tax efficient ethical funds from many providers. Any new incentives to encourage people to save should not just be linked to ethical funds only but should be available for all savings plans.